Colombia: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Colombia

In 2020, the Colombian wood fuel (non-coniferous) market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption recorded a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Wood fuel (non-coniferous) consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Production in Colombia

In value terms, wood fuel (non-coniferous) production expanded modestly to $X in 2020 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

Wood Fuel (Non-Coniferous) Exports

Exports from Colombia

In 2020, shipments abroad of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the third year in a row after two years of growth. Over the period under review, exports saw a dramatic decrease. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at X cubic meters in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, wood fuel (non-coniferous) exports shrank significantly to $X in 2020. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

Mexico (X cubic meters), China (X cubic meters) and the U.S. (X cubic meters) were the main destinations of wood fuel (non-coniferous) exports from Colombia, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Mexico, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for wood fuel (non-coniferous) exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and China (+X% per year).

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, growing by X% against the previous year. Overall, export price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood fuel (non-coniferous) export price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per cubic meter in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per cubic meter), while the average price for exports to India ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced a decline.

Wood Fuel (Non-Coniferous) Imports

Imports into Colombia

In 2020, after two years of growth, there was significant decline in purchases abroad of wood fuel (non-coniferous), when their volume decreased by -X% to X cubic meters. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X cubic meters in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

In value terms, wood fuel (non-coniferous) imports fell to $X in 2020. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X cubic meters), Malaysia (X cubic meters) and the U.S. (X cubic meters) were the main suppliers of wood fuel (non-coniferous) imports to Colombia, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood fuel (non-coniferous) suppliers to Colombia were China ($X), Malaysia ($X) and the U.S. ($X), with a combined X% share of total imports.

In terms of the main suppliers, Malaysia (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average wood fuel (non-coniferous) import price amounted to $X per cubic meter, remaining constant against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per cubic meter), while the price for the U.S. ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform